Johnson& Johnson broke out of the strong 108.70 resistance level
, and, having retraced to this level, started to rise resolutely. The gauge is likely to top the bound of a potential diamond pattern that has been shaping up since mid-2014. There is a possibility to buy with the 109.35 target, the top of the diamond. This target may be reached almost immediately. The next target that the gauge may reach as early as mid-December is USD 113-114.
My forecast participates in the Market Forecaster contest. Follow the link /blog/43051624622#
vote for it and help me win the top prize. Thank you.